June 16, 2010 / 6:26 PM / 9 years ago

White House meeting with BP goes into overtime

WASHINGTON, June 16 (Reuters) - A White House meeting between Obama administration officials and executives at BP Plc (BP.L) (BP.N) went longer than expected on Wednesday as the two sides wrangled the company’s response to the oil spill.

Earlier BP and the White House reached a preliminary agreement for the London-based company to put some $20 billion into an escrow account to cover damage claims from the massive Gulf of Mexico spill.

According to a White House schedule, President Barack Obama was slated to attend the meeting for roughly 20 minutes starting at 10:15 a.m. The meeting was still going — though the president had long left — several hours later.



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